US giant insurer MassMutual fined $4.75m over 'Roaring Kitty' broker case

clock • 1 min read
US giant insurer MassMutual fined $4.75m over 'Roaring Kitty' broker case

A MassMutual investment subsidiary has agreed to pay $4.75m over the firm's failure to supervise agents, including Keith Gill, who is also known on some social media sites as "Roaring Kitty." Massachusetts Secretary of the Commonwealth William Galvin on Thursday 16 September said he had fined MML Investors Services (MMLS) $4.75m and that the broker-dealer also agreed to overhaul its social media policies. MML Investors Services is the retail-focused broker-dealer subsidiary of MassMutua...

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